Russia’s international reserves down by $9.3 bln to $376.2 bln over January

Russia’s international reserves down by $9.3 bln to $376.2 bln over January — Central Bank

Business & Economy February 06, 2015, 16:22

During the crisis of 2008-2009, the country’s international reserves were seen to plummet to as low as $376 billion

MOSCOW, February 6. /TASS/. Russia’s international reserves mostly comprising gold and foreign currency declined by $9.252 billion in January to $376.208 billion, the Central Bank of Russia said on Friday.

Russia’s international reserves are highly liquid foreign assets managed by the Central Bank of Russia. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold.

Russia’s international reserves fell by $124.135 billion or 24.4% in 2014 to $385.46 billion as of January 1, 2015.

During the crisis of 2008-2009, the country’s international reserves were seen to plummet to as low as $376 billion (mid-March 2009).